Let’s look at the key reasons that are pushing Bloom Energy Corp (BE) to new highs

A new trading day began on Monday, with Bloom Energy Corp (NYSE: BE) stock price up 3.68% from the previous day of trading, before settling in for the closing price of $10.60. BE’s price has ranged from $8.41 to $18.76 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 16.44% over the last five years. Meanwhile, its annual earnings per share averaged 220.80%. With a float of $197.46 million, this company’s outstanding shares have now reached $224.72 million.

The firm has a total of 2377 workers. Let’s measure their productivity.

Bloom Energy Corp (BE) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Bloom Energy Corp is 12.54%, while institutional ownership is 77.99%. The most recent insider transaction that took place on Apr 16 ’24, was worth 88,375. In this transaction an insider of this company sold 8,963 shares at a rate of $9.86, taking the stock ownership to the 168,003 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Chairman & CEO sold 50,746 for $9.74, making the entire transaction worth $494,266. This insider now owns 2,702,608 shares in total.

Bloom Energy Corp (BE) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 220.80% per share during the next fiscal year.

Bloom Energy Corp (NYSE: BE) Trading Performance Indicators

Here are Bloom Energy Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.42 in one year’s time.

Technical Analysis of Bloom Energy Corp (BE)

Analysing the last 5-days average volume posted by the [Bloom Energy Corp, BE], we can find that recorded value of 5.56 million was lower than the volume posted last year of 5.6 million. As of the previous 9 days, the stock’s Stochastic %D was 70.94%. Additionally, its Average True Range was 0.64.

During the past 100 days, Bloom Energy Corp’s (BE) raw stochastic average was set at 36.94%, which indicates a significant decrease from 74.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.79% in the past 14 days, which was lower than the 69.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.08, while its 200-day Moving Average is $12.68. Now, the first resistance to watch is $11.21. This is followed by the second major resistance level at $11.44. The third major resistance level sits at $11.68. If the price goes on to break the first support level at $10.74, it is likely to go to the next support level at $10.50. Now, if the price goes above the second support level, the third support stands at $10.27.

Bloom Energy Corp (NYSE: BE) Key Stats

With a market capitalization of 2.48 billion, the company has a total of 224,973K Shares Outstanding. Currently, annual sales are 1,333 M while annual income is -302,120 K. The company’s previous quarter sales were 356,920 K while its latest quarter income was 4,510 K.